Discretionary trusts crackdown short-sightedBY KARREN VERGARA | FRIDAY, 4 AUG 2017 11:21AMThe Labor government's proposed crackdown on discretionary trusts is "short-sighted" and "anti-family" given the broader tax system isn't operating on a level playing field, an industry expert says. Related News |
Editor's Choice
FS Power50 voting opens
Voting for Australia's most influential financial advisers in the 2026 Financial Standard Power50 is now open, with 122 advisers shortlisted for the annual ranking.
Advisers bolster client book amid compliance burden: CoreData
Financial advice practices are serving more clients, charging higher fees and reporting record levels of satisfaction with their licensees, despite the weight of compliance, according to CoreData.
Superhero partners for crypto push
Superhero has joined forces with Robinhood's cryptocurrency exchange Bitstamp to enter the digital assets market.
Life CCC unveils FY27 priorities
The Life CCC has laid out its priorities for the current financial year, including providing the necessary support required for the upcoming implementation of the revised Life Code.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Being short-sighted and family-unfriendly is a bad thing when you are deciding on a budget for an educational institution. People have to pay much tax already. If they see no changes to the tax system, they will have to look for other resources of education. Thanks for sharing the story. It's good to know where the country is at and what should you do to keep on track with the events.